01 DECEMBER 2017Reuters
Aluminium producer seeks Q1 premium of US$110/T from Japan buyers
Edited by : AL CIRCLE
1 min read
A global aluminium producer has offered Japanese buyers a premium of $110 per tonne for primary metal shipments during the January to March period, as much as 17 percent above the current quarter, three sources directly involved in pricing talks said on Friday.
Japan is Asia's biggest aluminium importer and the premiums for primary metal shipments it agrees to pay each quarter over the London Metal Exchange (LME) cash price set the benchmark for the region.
For the October-December quarter, Japanese buyers agreed to pay a premium of $94-$95 per tonne, down as much as 21 percent from the prior quarter to reflect a slide in local spot premiums.
Previous article
LME aluminium breaks below support level; more weakness to follow
Next articleRomanian aluminium company receives USD 167 million credit facility
Grow with
AL Circle
